12-05-2017 What is International Monetary Fund

12-05-2017 What is International Monetary Fund

Heard this morning's talk about International Monetary Fund.
My response: International Monetary Fund (IMF) is not United Nation (UN). Both are not financed by donations.

IMF, like a financial institute, use the money to lend loans. UN, like world governments union,  used the money to do peacekeeping and developing economies.

The primary difference between the International Monetary Fund, or IMF, and the World Bank lies in their respective purposes and functions. The IMF exists primarily to stabilize exchange rates, while the World Bank’s goal is to reduce poverty. Both organizations were established as part of the Bretton Woods Agreement in 1945.
(https://www.investopedia.com/ask/answers/043015/what-difference-between-international-monetary-fund-and-world-bank.asp)

----Dec. 5th, 2017


References:

Two Organizations are different on how their financial resources are used.
IMF uses its quota-funded holdings of currencies of financially strong economies, together with its own SDR holdings, to make up its own usable resources to perform its finance lending.
(http://www.imf.org/external/np/exr/facts/pdf/finfac.pdf)

UN uses its funding to cover its peacekeeping operation supporting-budget and its regular budgeted items which includes Strategic framework, its program budget, its contingency fund, etc.
(www.un.org/ga/60/fifth/budgetingprocessstandard.ppt)

Two Organizations are different on it principles and purposes:
IMF is an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
(http://www.imf.org/en/About)

UN can take action on the issues confronting humanity in the 21st century, such as peace and security, climate change, sustainable development, human rights, disarmament, terrorism, humanitarian and health emergencies, gender equality, governance, food production, and more.
(http://www.un.org/en/sections/about-un/overview/index.html)


Two Organizations are financed differently:
IMF: Most resources for IMF loans are provided by member countries, primarily through their payment of quotas. Multilateral and bilateral borrowing work as a second and third line of defense by providing a temporary supplement to quota resources.
(http://www.imf.org/en/About/Factsheets/Where-the-IMF-Gets-Its-Money)

UN: Beyond the UN proper, there are a number of related Specialized Agencies, Funds and Programmes. The UN Programmes and Funds, including UNICEF, UNDP, UNHCR and the WFP are financed through voluntary contributions from member countries, and in some cases also from businesses through precarious "corporate partnerships.
(https://www.globalpolicy.org/un-finance/tables-and-charts-on-un-finance/the-financing-of-the-un-programmes-funds-and-specialized-agencies.html)

Two Organizations are different on how their financial resources are used.
IMF uses its quota-funded holdings of currencies of financially strong economies, together with its own SDR holdings, to make up its own usable resources to perform its finance lending.
(http://www.imf.org/external/np/exr/facts/pdf/finfac.pdf)

UN use its funding to cover its peacekeeping operation supporting-budget and its regular budgeted items which includes Strategic framework, its program budget, its contingency fund, etc.
(www.un.org/ga/60/fifth/budgetingprocessstandard.ppt)

----Dec. 5th, 2017